Quarterly ResultMay 5, 2026, 07:46 AM
Cummins Q1 Revenue $8.4B, EPS $4.71; Raises Full-Year Outlook
AI Summary
Cummins Inc. reported strong first-quarter 2026 financial results, with revenues increasing 3% year-over-year to $8.4 billion. GAAP Net Income was $654 million, or $4.71 per diluted share, which included a $199 million charge related to the sale of its low-pressure fuel cell business. The company raised its full-year 2026 revenue guidance to an increase of 8% to 11% and its EBITDA outlook to 17.75% to 18.50%, citing strengthening demand across several markets.
Key Highlights
- Full-year 2026 revenue guidance raised to up 8-11% (from 3-8%).
- Full-year 2026 EBITDA guidance raised to 17.75-18.50% (from 17.0-18.0%).
- Q1 2026 revenues were $8.4 billion, up 3% from Q1 2025.
- Q1 2026 GAAP Net Income was $654 million, or $4.71 diluted EPS.
- Q1 2026 results include $199 million charge for low-pressure fuel cell business sale.
- Power Systems segment sales increased 19% to $2.0 billion.
- Distribution segment sales increased 7% to $3.1 billion.
- Returned $519 million to shareholders in Q1 2026.